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Hong Kong has approved the first Bitcoin and Ethereum Spot ETFs, what do investors need to know? Explain how prices might react, key influencing factors, and investment strategies.
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BTC, ETH Rise As Hong Kong Bitcoin ETF Applicants Say They've Been Approved
Bitcoin {{BTC}} has risen 2.8% over 24 hours, trading above $66,500, and ether {{ETH}} has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
За 3 дня майнера продали 2300 #BTC сообщает BlockBeat, а за весь июнь более 30к. Что это означает?
Напоминаю, в прошлом году ровно в этот же период происходило тоже самое. Всё это так же сопровождалось покупками от Microstrategy по 27к, слухами о #etf и ожиданием понижения ставок.
Почему продают майнера?
Потому что им нужно извлекать доход хотя бы раз в квартал, важно другое — у них кто-то покупает) Мне это говорит об оптимальности цены для покупки/продажи.
Майнера не могут ждать более высокой цены,
у них есть издержки, и они не могут предлагать цену ниже, потому что опять же издержки.
Чем ниже биткоин, тем больше банкротства среди майнеров, чем меньше майнеров — тем больше нагрузки на сеть, что делает биткоин не востребованным, цена снова летит вниз.
Эту лавочку будут монополизировать в любом случае, просто поэтапно и через регулирование.
#bitcoin #Binance #Ethereum $BTC
Напоминаю, в прошлом году ровно в этот же период происходило тоже самое. Всё это так же сопровождалось покупками от Microstrategy по 27к, слухами о #etf и ожиданием понижения ставок.
Почему продают майнера?
Потому что им нужно извлекать доход хотя бы раз в квартал, важно другое — у них кто-то покупает) Мне это говорит об оптимальности цены для покупки/продажи.
Майнера не могут ждать более высокой цены,
у них есть издержки, и они не могут предлагать цену ниже, потому что опять же издержки.
Чем ниже биткоин, тем больше банкротства среди майнеров, чем меньше майнеров — тем больше нагрузки на сеть, что делает биткоин не востребованным, цена снова летит вниз.
Эту лавочку будут монополизировать в любом случае, просто поэтапно и через регулирование.
#bitcoin #Binance #Ethereum $BTC
🚀 $73,000,000 IN DAILY NET INFLOW for BITCOIN ETFs - BLACKROCK IN THE LEAD 🚀
Spot Bitcoin exchange-traded funds (ETFs) in the United States have experienced their fourth consecutive day of net inflows, with a significant $73.05 million added on Friday. Data from sosovalue.xyz highlights Blackrock’s IBIT as the frontrunner in this impressive streak.
📈 Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak
Friday was a notable day for the 11 spot Bitcoin ETFs, witnessing the best performance in the four-day series of gains. Blackrock’s IBIT led the charge, attracting $82 million in inflows, bringing its BTC reserves to a substantial 305,612.32 BTC. Ark Invest’s and 21shares’ fund, ARKB, followed with a $43 million intake, now holding 45,316 BTC.
Despite the gains in IBIT and ARKB, other ETFs like BITB, BTCO, HODL, BRRR, EZBC, BTCW, and DEFI remained unchanged in their holdings. Conversely, Grayscale’s Bitcoin Trust (GBTC) experienced a $27 million loss, and Fidelity’s FBTC shed $25 million. GBTC currently holds 275,757.58 BTC in reserves, while FBTC’s holdings stand at 167,900.05 BTC.
💼 Cumulative Inflows and Trade Volume
The cumulative total net inflow since January 11, 2024, has now reached an impressive $14.52 billion. Friday alone saw a trade volume of $1.31 billion, marking a significant improvement compared to the previous three days. Overall, the 11 spot Bitcoin ETFs have accumulated a total of $52.12 billion in BTC reserves to date.
🔍 This consistent inflow into spot Bitcoin ETFs indicates strong investor confidence and a growing interest in Bitcoin as a significant asset class.
Stay tuned for more updates with @Professor Mende - Founder of BONUZ Project - in Dubai UAE !
#bitcoinetf #etf #Blackrock #btc #bitcoinnews
$BTC $ETH $BNB
Spot Bitcoin exchange-traded funds (ETFs) in the United States have experienced their fourth consecutive day of net inflows, with a significant $73.05 million added on Friday. Data from sosovalue.xyz highlights Blackrock’s IBIT as the frontrunner in this impressive streak.
📈 Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak
Friday was a notable day for the 11 spot Bitcoin ETFs, witnessing the best performance in the four-day series of gains. Blackrock’s IBIT led the charge, attracting $82 million in inflows, bringing its BTC reserves to a substantial 305,612.32 BTC. Ark Invest’s and 21shares’ fund, ARKB, followed with a $43 million intake, now holding 45,316 BTC.
Despite the gains in IBIT and ARKB, other ETFs like BITB, BTCO, HODL, BRRR, EZBC, BTCW, and DEFI remained unchanged in their holdings. Conversely, Grayscale’s Bitcoin Trust (GBTC) experienced a $27 million loss, and Fidelity’s FBTC shed $25 million. GBTC currently holds 275,757.58 BTC in reserves, while FBTC’s holdings stand at 167,900.05 BTC.
💼 Cumulative Inflows and Trade Volume
The cumulative total net inflow since January 11, 2024, has now reached an impressive $14.52 billion. Friday alone saw a trade volume of $1.31 billion, marking a significant improvement compared to the previous three days. Overall, the 11 spot Bitcoin ETFs have accumulated a total of $52.12 billion in BTC reserves to date.
🔍 This consistent inflow into spot Bitcoin ETFs indicates strong investor confidence and a growing interest in Bitcoin as a significant asset class.
Stay tuned for more updates with @Professor Mende - Founder of BONUZ Project - in Dubai UAE !
#bitcoinetf #etf #Blackrock #btc #bitcoinnews
$BTC $ETH $BNB
🚀 Ether Spot ETFs Could Attract $5 Billion in Six Months 🚀
5 Billion $ would surely be juicy for the ecosystem.
Ether (ETH) is poised for a major boost with the introduction of spot ETFs, which could draw in as much as $5 billion in net inflows within the first six months, according to a recent report by Gemini. This influx could significantly elevate Ether’s standing relative to Bitcoin, triggering a catch-up trade.
📊 Potential Impact of Spot Ether ETFs 📊
**1. Market Value Surge: Spot Ether ETFs, once approved for trading in the U.S., could lead to substantial net inflows. Gemini’s analysis indicates that the combined assets under management (AUM) for spot ETH ETFs in the U.S., along with Grayscale Ethereum Trust (ETHE), could reach $13 billion to $15 billion within the first half-year.
**2. Undervalued Ether: Ether’s market value is currently at multiyear lows compared to Bitcoin. This disparity suggests a significant upside potential. If the ether/bitcoin ratio returns to its three-year median, Ether could see a 20% rally, with a potential 55% increase if it hits the maximum ratio of 0.087.
**3. Comparison to Bitcoin ETFs: Bitcoin spot ETFs saw $15 billion in inflows during their first six months. For Ether, net inflows below $3 billion would be disappointing. However, inflows above $5 billion would be a robust performance, and hitting $7.5 billion would be a remarkable upside surprise, indicating a strong market response.
🌐 Market Dynamics and Predictions 🌐
Gemini’s report aligns with the positive outlook from other analysts. Steno Research recently suggested that Ether could reach $6,500 later this year, driven by strong ETF inflows and additional market tailwinds.
Do you think Ethereum will go to the moon?
Drop your opinion below!
Your Mende Matthias
#ethereum #etf #sec #pump #eth
$ETH $PEPE $SHIB
5 Billion $ would surely be juicy for the ecosystem.
Ether (ETH) is poised for a major boost with the introduction of spot ETFs, which could draw in as much as $5 billion in net inflows within the first six months, according to a recent report by Gemini. This influx could significantly elevate Ether’s standing relative to Bitcoin, triggering a catch-up trade.
📊 Potential Impact of Spot Ether ETFs 📊
**1. Market Value Surge: Spot Ether ETFs, once approved for trading in the U.S., could lead to substantial net inflows. Gemini’s analysis indicates that the combined assets under management (AUM) for spot ETH ETFs in the U.S., along with Grayscale Ethereum Trust (ETHE), could reach $13 billion to $15 billion within the first half-year.
**2. Undervalued Ether: Ether’s market value is currently at multiyear lows compared to Bitcoin. This disparity suggests a significant upside potential. If the ether/bitcoin ratio returns to its three-year median, Ether could see a 20% rally, with a potential 55% increase if it hits the maximum ratio of 0.087.
**3. Comparison to Bitcoin ETFs: Bitcoin spot ETFs saw $15 billion in inflows during their first six months. For Ether, net inflows below $3 billion would be disappointing. However, inflows above $5 billion would be a robust performance, and hitting $7.5 billion would be a remarkable upside surprise, indicating a strong market response.
🌐 Market Dynamics and Predictions 🌐
Gemini’s report aligns with the positive outlook from other analysts. Steno Research recently suggested that Ether could reach $6,500 later this year, driven by strong ETF inflows and additional market tailwinds.
Do you think Ethereum will go to the moon?
Drop your opinion below!
Your Mende Matthias
#ethereum #etf #sec #pump #eth
$ETH $PEPE $SHIB
JUST IN: 🇺🇸 US Marshals Service announces partnership with Coinbase to safeguard, trade its large cap digital assets portfolio.
JUST IN: 🇪🇺 Circle becomes first global stablecoin issuer to obtain Electronic Money Institution license under EU's MiCA crypto law.
JUST IN: Roaring Kitty (Keith Gill) securities fraud GameStop lawsuit dismissed.
#BinanceTournament #Megadrop #CPIAlert #BTC #etf
JUST IN: 🇪🇺 Circle becomes first global stablecoin issuer to obtain Electronic Money Institution license under EU's MiCA crypto law.
JUST IN: Roaring Kitty (Keith Gill) securities fraud GameStop lawsuit dismissed.
#BinanceTournament #Megadrop #CPIAlert #BTC #etf
Ч.2 — Все в ожидании принятия #etf на Эфире, Солане и начала войны между Израилем и Ливаном. Мы не знаем точных дат обоих событий.
Если совместить два события, то получается та же картина, что было в октябре 2023 года: начался активный вброс дат одобрения Bitcoin-EFT, риторика о снижении ставок от ФРС и нападение Хамас на Израиль. Все распереживались и упустили точку входа на лонг.
А что, если это повторится? Будут ли Иран, где стартуют выборы, и их союзники продавать биткоины, роняя курс?
— Нет, потому что тогда все их кошельки и транзакции окажутся под лупой США.
Будут ли новости об угрозе Интернет кабелям?
— Да, когда крупный капитал будет закрывать лонговые позиции или скидывать спот.
Будет ли падение битка на этом фоне?
— Да, ДО новостей о старте войны за 60к.
Когда?
— Не раньше, чем закончится операция на юге Газы и после саммита НАТО в начале июля, где явно будут это обсуждать.
$BTC растет всегда, когда в мире нестабильная ситуация ✌🏼
#binance #BTC #Ethereum #Solana
Если совместить два события, то получается та же картина, что было в октябре 2023 года: начался активный вброс дат одобрения Bitcoin-EFT, риторика о снижении ставок от ФРС и нападение Хамас на Израиль. Все распереживались и упустили точку входа на лонг.
А что, если это повторится? Будут ли Иран, где стартуют выборы, и их союзники продавать биткоины, роняя курс?
— Нет, потому что тогда все их кошельки и транзакции окажутся под лупой США.
Будут ли новости об угрозе Интернет кабелям?
— Да, когда крупный капитал будет закрывать лонговые позиции или скидывать спот.
Будет ли падение битка на этом фоне?
— Да, ДО новостей о старте войны за 60к.
Когда?
— Не раньше, чем закончится операция на юге Газы и после саммита НАТО в начале июля, где явно будут это обсуждать.
$BTC растет всегда, когда в мире нестабильная ситуация ✌🏼
#binance #BTC #Ethereum #Solana
While others are panicking, 🇸🇻 El Salvador is buying Bitcoin dip daily.
You might think that the crypto market is dead now
But remember, after 8 months from now you'll thank yourself..
INDIA won World cup 2024, proud moment for me as a INDIAN❤🇮🇳
#BinanceTournament #Megadrop #altcoins #BTC #etf
You might think that the crypto market is dead now
But remember, after 8 months from now you'll thank yourself..
INDIA won World cup 2024, proud moment for me as a INDIAN❤🇮🇳
#BinanceTournament #Megadrop #altcoins #BTC #etf
🚀 ETHER TO HIT $6.5K DRIVEN BY SPOT ETF INFLOWS: ANALYST 🚀
Analysts predict a significant surge in Ether's value, potentially hitting $6,500 later this year. This bullish forecast is driven by the anticipated inflows into spot Ether ETFs in the U.S.
💰 Massive Inflows Expected
🌟 Steno Research forecasts net inflows between $15 billion and $20 billion into Ether spot ETFs within the first 12 months. Despite market pessimism, they believe these ETFs will attract significant investments due to Ether's appealing qualities to Wall Street.
💼 Galaxy Research estimates $5 billion of net inflows within the first five months. Similarly, Bitwise predicts $15 billion of inflows in the initial 18 months. These figures highlight the strong demand and potential positive impact on Ether's market value.
📊 Why This Matters
🔍 According to Mads Eberhardt, a senior analyst at Steno Research, these inflows should drive Ether's value higher, both in dollar terms and relative to Bitcoin (BTC). He suggests that even considering the outflows from the Grayscale Ethereum Trust (ETHE), the net inflow will significantly benefit Ether.
🚀 Price Prediction
💵 Steno Research predicts Ether could reach $6,500 later this year. The expected inflows into spot ETFs, coupled with additional market tailwinds, support this optimistic outlook. Furthermore, they forecast the Ether/Bitcoin ratio could strengthen to 0.065 by the end of the year.
🧐 SEC Approval on the Horizon
📅 The launch of spot Ether ETFs in the U.S. is imminent. The Securities and Exchange Commission (SEC) recently greenlit filings from issuers. Once the S-1 filings are approved, trading could start as soon as next week. This approval is a crucial step towards realizing the expected inflows and subsequent price increase.
Did you invest in $ETH ?
What do you think about the prognosis?
Drop a comment below!
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more!
#ethereum #eth #etf #sec #marketanalysis
$BTC $BNB
Analysts predict a significant surge in Ether's value, potentially hitting $6,500 later this year. This bullish forecast is driven by the anticipated inflows into spot Ether ETFs in the U.S.
💰 Massive Inflows Expected
🌟 Steno Research forecasts net inflows between $15 billion and $20 billion into Ether spot ETFs within the first 12 months. Despite market pessimism, they believe these ETFs will attract significant investments due to Ether's appealing qualities to Wall Street.
💼 Galaxy Research estimates $5 billion of net inflows within the first five months. Similarly, Bitwise predicts $15 billion of inflows in the initial 18 months. These figures highlight the strong demand and potential positive impact on Ether's market value.
📊 Why This Matters
🔍 According to Mads Eberhardt, a senior analyst at Steno Research, these inflows should drive Ether's value higher, both in dollar terms and relative to Bitcoin (BTC). He suggests that even considering the outflows from the Grayscale Ethereum Trust (ETHE), the net inflow will significantly benefit Ether.
🚀 Price Prediction
💵 Steno Research predicts Ether could reach $6,500 later this year. The expected inflows into spot ETFs, coupled with additional market tailwinds, support this optimistic outlook. Furthermore, they forecast the Ether/Bitcoin ratio could strengthen to 0.065 by the end of the year.
🧐 SEC Approval on the Horizon
📅 The launch of spot Ether ETFs in the U.S. is imminent. The Securities and Exchange Commission (SEC) recently greenlit filings from issuers. Once the S-1 filings are approved, trading could start as soon as next week. This approval is a crucial step towards realizing the expected inflows and subsequent price increase.
Did you invest in $ETH ?
What do you think about the prognosis?
Drop a comment below!
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more!
#ethereum #eth #etf #sec #marketanalysis
$BTC $BNB
Ч.1 #BTC и война между Израилем и Ливаном?
1. Армия Израиля имеет разработанный план нанесения удара. Людей эвакуировали с северной части.
2. Хезбалла с октября обстреливает север Израиля.
3. США заняты выборами, ожидать грандиозной поддержки не стоит, скорее будут успокаивать.
4. ООН — ничего не делает.
5. Некогда процветающий Ливан: как избавиться от группировки, на которую ты не влияешь, которая когда-то пыталась свергнуть власть? Может быть чужими руками?
6. Иран — будет исходить из позиции Китая, Саудитов, Катара и США.
Итог: пока $BTC выше 60к мы не узнаем о начале войны. Начнется коррекция, её спишут на войну, руки потянутся продать и никак не купить. Большие капиталы заранее всё рассчитали, продались (например, Германия, США, оттоки #etf ), спрятали лимитки.
НО! Долгосрочного влияния на #crypto это не окажет. Просто начнут трясти кошельки с черными деньгами и резать кабели. Как только закрепимся ниже 60к — ожидайте бэд ньюс)
#binance #solana
1. Армия Израиля имеет разработанный план нанесения удара. Людей эвакуировали с северной части.
2. Хезбалла с октября обстреливает север Израиля.
3. США заняты выборами, ожидать грандиозной поддержки не стоит, скорее будут успокаивать.
4. ООН — ничего не делает.
5. Некогда процветающий Ливан: как избавиться от группировки, на которую ты не влияешь, которая когда-то пыталась свергнуть власть? Может быть чужими руками?
6. Иран — будет исходить из позиции Китая, Саудитов, Катара и США.
Итог: пока $BTC выше 60к мы не узнаем о начале войны. Начнется коррекция, её спишут на войну, руки потянутся продать и никак не купить. Большие капиталы заранее всё рассчитали, продались (например, Германия, США, оттоки #etf ), спрятали лимитки.
НО! Долгосрочного влияния на #crypto это не окажет. Просто начнут трясти кошельки с черными деньгами и резать кабели. Как только закрепимся ниже 60к — ожидайте бэд ньюс)
#binance #solana
Bloomberg ETF Analyst Eric Balchunas: The likelihood of the Solana ETF being approved in the next 12 months is closely tied to the likelihood of a presidential transition, and it's fair to say the odds of both are higher today than yesterday. Although we do not have an exact date, it is still too early.
#eth #etf $SOL
#eth #etf $SOL
SOL Price Could Rise 9x After Spot Solana ETF Approval, Predicts GSR Markets
The adoption of spot Solana ETFs in the US may boost SOL up 9x, according to crypto market creator GSR Markets.
GSR Markets named Solana one of “crypto's big three” and assessed its chances of becoming the next US spot cryptocurrency ETF in a June 27 research.
Many were surprised when VanEck filed to establish a spot Solana ETF at the same time.
Spot Solana ETFs Could Draw 14% of Bitcoin ETF Flows
GSR, which maintains a long position on SOL, estimated “8.9x” based on the premise that spot Solana ETFs will grab 14% of spot Bitcoin ETF flows since their inception in January, taking into account their respective market size.
Based on current supply, GSR's optimistic scenario would push Solana's $149 price to over $1,320, leading in a $614 billion market valuation.
However, GSR provided more cautious possibilities.
In the “bear” and “baseline” scenarios, spot Solana ETFs would grab 2% and 5% of Bitcoin flows, increasing Solana's price by 1.4x and 3.4x.
GSR noted that these projections may be higher if spot Solana ETFs included staking rewards, which were not permitted in authorized spot Ether ETFs.
GSR is bullish, but Bloomberg ETF analyst Eric Balchunas and others think a change in the US administration and SEC leadership is needed to seriously contemplate a spot Solana ETF.
In litigation against Binance and Coinbase, SEC Chair Gary Gensler has classed the SOL token as a security, which might make approval harder than for Bitcoin and Ether ETFs.
VanEck's Solana ETF application follows 3iQ's Canadian file, a first in North America.
The Solana ecosystem and network have been praised by $1.5 trillion asset manager Franklin Templeton.
The company has not announced plans to develop a spot Solana ETF.
Over $1 billion worth of Solana exchange-traded instruments are available globally, demonstrating increased demand for SOL token and network exposure.
#Solana #Sol $SOL #etf
The adoption of spot Solana ETFs in the US may boost SOL up 9x, according to crypto market creator GSR Markets.
GSR Markets named Solana one of “crypto's big three” and assessed its chances of becoming the next US spot cryptocurrency ETF in a June 27 research.
Many were surprised when VanEck filed to establish a spot Solana ETF at the same time.
Spot Solana ETFs Could Draw 14% of Bitcoin ETF Flows
GSR, which maintains a long position on SOL, estimated “8.9x” based on the premise that spot Solana ETFs will grab 14% of spot Bitcoin ETF flows since their inception in January, taking into account their respective market size.
Based on current supply, GSR's optimistic scenario would push Solana's $149 price to over $1,320, leading in a $614 billion market valuation.
However, GSR provided more cautious possibilities.
In the “bear” and “baseline” scenarios, spot Solana ETFs would grab 2% and 5% of Bitcoin flows, increasing Solana's price by 1.4x and 3.4x.
GSR noted that these projections may be higher if spot Solana ETFs included staking rewards, which were not permitted in authorized spot Ether ETFs.
GSR is bullish, but Bloomberg ETF analyst Eric Balchunas and others think a change in the US administration and SEC leadership is needed to seriously contemplate a spot Solana ETF.
In litigation against Binance and Coinbase, SEC Chair Gary Gensler has classed the SOL token as a security, which might make approval harder than for Bitcoin and Ether ETFs.
VanEck's Solana ETF application follows 3iQ's Canadian file, a first in North America.
The Solana ecosystem and network have been praised by $1.5 trillion asset manager Franklin Templeton.
The company has not announced plans to develop a spot Solana ETF.
Over $1 billion worth of Solana exchange-traded instruments are available globally, demonstrating increased demand for SOL token and network exposure.
#Solana #Sol $SOL #etf
🇺🇸 Coinbase officially sues the SEC, FDIC accusing federal regulators of trying to cut out the crypto industry..
Breaking News: VanEck officially files for spot Solana ETF.
JUST IN: 🇺🇸 US Supreme Court restricts SEC's use of in-house judges for fraud cases.
JUST IN: BlackRock says Bitcoin is a hedge against geopolitical uncertainty and monetary risk.
JUST IN: 🇧🇴 Bolivia lifts ban on Bitcoin and crypto payments, officially making it legal for financial entities.
JUST IN: 🇺🇸 Donald Trump says the only jobs President Biden has created are for "illegal immigrants…and inflation is killing our country."
#BinanceTournament #Megadrop #BTC #ETH #etf
Breaking News: VanEck officially files for spot Solana ETF.
JUST IN: 🇺🇸 US Supreme Court restricts SEC's use of in-house judges for fraud cases.
JUST IN: BlackRock says Bitcoin is a hedge against geopolitical uncertainty and monetary risk.
JUST IN: 🇧🇴 Bolivia lifts ban on Bitcoin and crypto payments, officially making it legal for financial entities.
JUST IN: 🇺🇸 Donald Trump says the only jobs President Biden has created are for "illegal immigrants…and inflation is killing our country."
#BinanceTournament #Megadrop #BTC #ETH #etf
🔥🔥🔥BREAKING: 21Shares Races To Launch Solana ETF
An S-1 registration form for a Spot Solana ETF was submitted with the US Securities and Exchange Commission (SEC) on Friday by investment company 21Shares, marking a significant milestone for the cryptocurrency market.
In a sign of increasing interest in Solana as a possible rival to the soon-to-be-launched Ethereum ETF market, which is planned to start trading in July, the 21Shares application followed a similar submission by Bitcoin ETF issuer and asset management VanEck on Thursday.
21Shares Debuts Core Solana Exchange-Traded Fund
According to the document, the 21Shares Core Solana ETF will be able to provide beneficial interest common shares that may be traded on the Cboe BZX Exchange.
An easy and inexpensive way to get exposure to SOL without actually investing in the asset is via this investment vehicle, whose goal is to follow SOL's performance. An exchange-traded fund (ETF) will hold shares of SOL and value them daily based on the index.
Sponsored by 21Shares, the Trust will be administered by CSC Delaware Trust Company. The Trust's SOL will be held by Coinbase Custody Trust Company, which will act as custodian.
After the first ETF announcement, the price of SOL consolidates.
These registrations show that there is a growing desire for financial products that expose Solana's digital assets, even if the SEC has to examine and approve an ETF before it can happen.
#Solana #SOL $SOL #etf
An S-1 registration form for a Spot Solana ETF was submitted with the US Securities and Exchange Commission (SEC) on Friday by investment company 21Shares, marking a significant milestone for the cryptocurrency market.
In a sign of increasing interest in Solana as a possible rival to the soon-to-be-launched Ethereum ETF market, which is planned to start trading in July, the 21Shares application followed a similar submission by Bitcoin ETF issuer and asset management VanEck on Thursday.
21Shares Debuts Core Solana Exchange-Traded Fund
According to the document, the 21Shares Core Solana ETF will be able to provide beneficial interest common shares that may be traded on the Cboe BZX Exchange.
An easy and inexpensive way to get exposure to SOL without actually investing in the asset is via this investment vehicle, whose goal is to follow SOL's performance. An exchange-traded fund (ETF) will hold shares of SOL and value them daily based on the index.
Sponsored by 21Shares, the Trust will be administered by CSC Delaware Trust Company. The Trust's SOL will be held by Coinbase Custody Trust Company, which will act as custodian.
After the first ETF announcement, the price of SOL consolidates.
These registrations show that there is a growing desire for financial products that expose Solana's digital assets, even if the SEC has to examine and approve an ETF before it can happen.
#Solana #SOL $SOL #etf
